Hexaware Technologies may test Rs 300 in medium term: Ajay Bodke

Ajay Bodke of Prabhudas Lilladher told CNBC-TV18, "Last week a few of the midcap results stood out for me. Hexaware Technologies' numbers, although they were impacted due to the Chennai floods disproportionately around 35 percent of their total workforce is in Chennai but on the conference call, the company gave a very strong guidance. They said that they will be able to beat the NASSCOM guidance quite convincingly for calendar year 2016 and also they will be seeing increase in margins going forward in the calendar year 2016. So those results stood out for me.""Hexaware is trading quite attractively. We have a target price of around Rs 300 in the medium-term for the company and earnings growth of around 22-25 percent expected over the medium-term," he added.